[Afternoon News Briefing] Metaplanet Issues $210 Million in Bonds to Purchase Additional Bitcoin

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Metaplanet, 'BTC Additional Purchase' Issues $210 Million Bond

Japanese listed company Metaplanet, which has incorporated Bitcoin as its primary asset, officially announced through X that it will issue an interest-free common stock bond worth $210 million to purchase additional Bitcoin.

Whales Sell $4.3 Billion in BTC Over a Week

Beinkcrypto reported that whales holding 1,000-10,000 BTC have sold a total of 40,000 BTC over the past week, amounting to approximately $4.3 billion. The media analyzed, "Not only whales but long-term holders are also showing selling movements. If BTC does not firmly secure the $108,000 support line, the next support lines are $105,622 and then $102,734. Conversely, if institutional demand is greater than their selling pressure, it will break through the $109,476 resistance line."

24-Hour Cryptocurrency Perpetual Futures Liquidation Scale

The recent 24-hour cryptocurrency perpetual futures liquidation scale and liquidation ratio are as follows:

BTC Liquidation Scale: $63.28 million, Liquidation Ratio: Short 93.44%

ETH Liquidation Scale: $40.03 million, Liquidation Ratio: Short 76.43%

SOL Liquidation Scale: $8.91 million, Liquidation Ratio: Short 84.16%

ETF Expert: "SEC Likely to Approve Grayscale GDLC ETF This Week"

Nate Geraci, CEO of US ETF firm ETF Store, said on X, "The final review deadline for Grayscale's Digital Large Cap Fund (GDLC) ETF conversion by the US Securities and Exchange Commission (SEC) is this week. Personally, I think the SEC is very likely to approve it. This ETF includes BTC, ETH, XRP, SOL, and ADA. After this approval, individual altcoin spot ETF approvals will follow."

Bitcoin Magazine CEO "Plans to Launch $100 Million Cryptocurrency Super PAC"

Bitcoin Magazine CEO David Bailey said on X, "We plan to form a cryptocurrency Super PAC of over $100 million, similar to Fairshake. Whoever votes against it tomorrow in the Bitcoin-related tax amendment, we will retaliate in the midterm elections." The amendment includes a proposal to exempt capital gains tax for small cryptocurrency investments under $600.

Toss Bank Also Files Trademark for Won-based Stablecoin

Money Today Broadcasting exclusively reported that Toss Bank has filed 48 trademarks related to a won-based stablecoin. Financial authorities plan to form a task force this second half of the year to establish legislation and regulatory frameworks for stablecoins. Previously, KB Kookmin Bank, Kakao Bank, Naver, and others have also filed trademarks related to won-based stablecoins.

This Week's Major Token Unlock Schedule...$128 Million SUI, etc.

According to Dropstab, this week's major token unlock schedule is as follows:

SUI: 7/1 09:00, 44.25 million unlocked, $128 million, 1.3% of total circulation

BONK: 7/1 09:00, 504 billion unlocked, $7.58 million, 0.65% of total circulation

ZETA: 7/1 21:00, 47.94 million unlocked, $8.86 million, 5.46% of total circulation

ENA: 7/2 17:00, 94.19 million unlocked, $26.23 million, 1.55% of total circulation

Analysis: "Individual Investors Aggressively Buying BTC...Peak Signal"

Cryptoquant contributor Amr Taha analyzed, "The net position realized value of BTC short-term holders has rapidly increased from -$49 billion to +$5 billion. This means individual investors are aggressively buying BTC. The demand from individual investors caught in FOMO (Fear of Missing Out) is increasing. Historically, this is a peak signal."

Pocket Network Partners with Over Protocol..."Building Domestic Web3 Infrastructure"

Decentralized infrastructure protocol Pocket Network (POKT) announced on its official channel that it has established a partnership with Layer 1 blockchain Over Protocol (OVER) on the 29th.

Paradigm Capital Deposits $2.42 Million VIRTUAL to Binance

According to Arkham Data, cryptocurrency investment firm Paradigm Capital deposited 1.5 million VIRTUAL ($2.42 million) to Binance 20 minutes ago.

Ground X Leaves Kaia Governance Committee

Kaia (KAIA) announced that Kakao's blockchain technology subsidiary Ground X has left the Kaia Governance Committee as of June 30th.

Coinone Lists FRAG

Coinone announced through its official website that it plans to list Fragmentic (FRAG) on the won market at 5 PM on July 1st.

Altcoin Season Index 22

The 'Altcoin Season Index' from virtual asset comprehensive information platform CoinMarketCap is currently recording 22.

This Week's Major Global Macro Schedule

This week's major global macro schedule is as follows (Korean time):

-6/30 2300 FOMC Member Bostic Speech

-7/1 2230 Federal Reserve Chair Jerome Powell Speech

-7/3 US Independence Day (Early Market Closure), 2130 US June Non-Farm Employment Index, US June Unemployment Rate, 2300 US June ISM Non-Manufacturing Purchasing Managers' Index (PMI)

-7/4 US Independence Day (Market Closed), 0000 FOMC Member Bostic Speech

Crypto 'Fear & Greed Index' 66...Maintaining Greed

The self-calculated 'Fear & Greed Index' from cryptocurrency data provider Alternative recorded 66, down 2 points from the previous day.

Kimchi Premium 0%

BTC Kimchi Premium 0% recorded.

Upbit = 147,849,000 won

Binance = 147,863,038 won

USDT = 1,367 won

Difference = -14,038 won

Coinness Market Brief for June 30th

As of 9 AM on June 30th, Bitcoin is trading at +0.99% at $108,356. Among the TOP100 coins by market cap, the 24-hour top 3 risers are ARB (+18.34%), PYTH (+12.06%), and OP (+10.58%).

CME BTC Futures $560 Gap Occurs

The CME BTC futures, which closed at $107,740 on the previous trading day, started at $108,300 today, creating a gap of $560.

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#News Briefing#Bitcoin#MetaPlanet#Bond Issuance

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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